Midwest to take new AirTran bid under consideration

GabrielMadway

SAN FRANCISCO (MarketWatch) -- Midwest Air Group
MEH, +1.65%
said late Tuesday it has received a revised acquisition bid from AirTran Holdings Inc.
AAI, +0.00%
and will take the new offer under consideration. Orlando, Fla.-based AirTran is now offering $16.25 a share for Milwaukee-based Midwest, which said Sunday it was accepting a $16-a-share bid from private-equity firm TPG.

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